Monday, June 29, 2009

Bernard Madoff is scheduled to be sentenced by District Court Judge Denny Chin in New York on Monday. The former non-executive chairman of the NASDAQ who pled guilty to an 11-count criminal complaint, admitting to defrauding thousands of investors, and was convicted of operating a Ponzi scheme that has been called the largest investor fraud ever committed by a single person, of almost 65 billion $, is expected to a maximum sentence of 150 years in prison and $170 billion in restitution.
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